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Thursday, October 08, 2009

(1) Nifty Chart For 08/10/2009 ::


Nifty :: As we say in last post once again Nifty face resistance at higher level and unable to cross first strong resistance.. Made an Engulfing Line bearish candle pattern during high with volume.. Overall chart structure already damage near resistance zone.. Now Nifty heading towards final strong support zone which we mention our mid term buying stop loss .. Watch strong support zone 4926 to 4884 with closing basis if Nifty break 4972.. May be bulls forcefully try to pull up market from current level and that’s why watch first 4972 and then 4926 to 4884 support zone for buying in deep in intraday only.. Our strategy for 8th Oct. if hold above support in initial trade then buy in deep (Strictly S.L 4884) Sell at high (S.L 5077) resistance for up move at 5012/5024/5051/5077/5110/5120.. Supports at 4972/4946/4926/4915/4900/4884..

Posted by MY CHART at 10/08/2009 02:08:00 AM

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